Snap-on Incorporated (NYSE:SNA) SVP Sells $2,179,212.31 in Stock

Snap-on Incorporated (NYSE:SNA - Get Free Report) SVP Jesus Arregui sold 6,451 shares of the stock in a transaction on Monday, February 10th. The shares were sold at an average price of $337.81, for a total transaction of $2,179,212.31. Following the transaction, the senior vice president now owns 257 shares of the company's stock, valued at $86,817.17. This trade represents a 96.17 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Snap-on Trading Down 0.2 %

Shares of Snap-on stock traded down $0.61 during trading on Friday, hitting $339.12. The stock had a trading volume of 330,511 shares, compared to its average volume of 395,688. The firm's fifty day simple moving average is $345.36 and its 200-day simple moving average is $321.13. The stock has a market cap of $17.81 billion, a PE ratio of 17.39, a PEG ratio of 2.13 and a beta of 0.99. The company has a debt-to-equity ratio of 0.22, a current ratio of 4.15 and a quick ratio of 3.14. Snap-on Incorporated has a 12 month low of $252.98 and a 12 month high of $373.89.

Snap-on (NYSE:SNA - Get Free Report) last announced its quarterly earnings data on Thursday, February 6th. The company reported $4.82 earnings per share for the quarter, beating analysts' consensus estimates of $4.78 by $0.04. Snap-on had a net margin of 21.71% and a return on equity of 19.20%. During the same quarter last year, the business posted $4.75 earnings per share. As a group, sell-side analysts expect that Snap-on Incorporated will post 20.07 EPS for the current fiscal year.

Snap-on Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Monday, February 24th will be issued a dividend of $2.14 per share. The ex-dividend date is Monday, February 24th. This represents a $8.56 dividend on an annualized basis and a yield of 2.52%. Snap-on's payout ratio is 43.90%.

Analysts Set New Price Targets

SNA has been the subject of several research reports. Tigress Financial increased their price objective on shares of Snap-on from $336.00 to $385.00 and gave the company a "buy" rating in a research report on Friday, October 25th. Barrington Research reiterated an "outperform" rating and set a $350.00 price objective on shares of Snap-on in a research report on Monday, February 10th. Robert W. Baird increased their price objective on shares of Snap-on from $290.00 to $347.00 and gave the company a "neutral" rating in a research report on Friday, October 18th. Bank of America raised their target price on shares of Snap-on from $255.00 to $280.00 and gave the stock an "underperform" rating in a report on Friday, October 18th. Finally, Roth Mkm raised their target price on shares of Snap-on from $324.00 to $365.00 and gave the stock a "buy" rating in a report on Tuesday, October 22nd. One analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $345.40.

Institutional Investors Weigh In On Snap-on

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Brookstone Capital Management increased its position in Snap-on by 25.4% during the 3rd quarter. Brookstone Capital Management now owns 1,116 shares of the company's stock valued at $323,000 after purchasing an additional 226 shares during the period. Exchange Traded Concepts LLC increased its position in Snap-on by 30.9% during the 3rd quarter. Exchange Traded Concepts LLC now owns 4,478 shares of the company's stock valued at $1,297,000 after purchasing an additional 1,056 shares during the period. Redhawk Wealth Advisors Inc. increased its position in Snap-on by 7.4% during the 3rd quarter. Redhawk Wealth Advisors Inc. now owns 2,480 shares of the company's stock valued at $718,000 after purchasing an additional 170 shares during the period. Orca Investment Management LLC increased its position in Snap-on by 6.7% during the 3rd quarter. Orca Investment Management LLC now owns 4,078 shares of the company's stock valued at $1,181,000 after purchasing an additional 255 shares during the period. Finally, Empirical Asset Management LLC increased its position in Snap-on by 105.0% during the 3rd quarter. Empirical Asset Management LLC now owns 2,040 shares of the company's stock valued at $591,000 after purchasing an additional 1,045 shares during the period. Institutional investors own 84.88% of the company's stock.

Snap-on Company Profile

Snap-on Incorporated manufactures and markets tools, equipment, diagnostics, and repair information and systems solutions for professional users worldwide. It operates through Commercial & Industrial Group, Snap-on Tools Group, Repair Systems & Information Group, and Financial Services segments.